Allcargo Terminals Ltd

Deal overview

• Target: AGSPL, a group services platform in India.
• Size: Turnover Nil.
• Not a related party transaction; promoter group holds AGSPL interest; arm's length subscription.
• Industry: centralized group services / shared services.
• Purpose: meet AGSPL's working capital needs and general corporate purposes.
• Regulatory: no approvals required.
• Timeline: completion up to October 2026.
• Consideration: Cash; total subscription cost ₹1,06,10,400.
• Shares acquired: 60 equity shares.
• Background: AGSPL provides business support services; incorporated 01-Sep-2018; India presence; turnover NIL.

Allcargo Terminals Limited trading window closed from October 01, 2026; reopens 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

AGM Details

• AGM held on 22-09-2026 at 12:30 PM IST via VC/OAVM.
• Record date for voting: 15-09-2026.
• Total resolutions: four; all passed with requisite majority.
• Voting window: remote e-voting Sep 17-21, 2026; AGM concluded 1:14 PM.

Resolutions

• Ordinary Resolution 1: Adopt standalone and consolidated annual financial statements.
• Ordinary Resolution 2: Re-appoint Kaiwan Dossabhoy Kalyaniwalla as Director.
• Ordinary Resolution 3: Appoint Pranav Choudhary as Director.
• Special Resolution 4: Appoint and fix remuneration of Pranav Choudhary as Managing Director.

Voting Results

• Resolution 1 passed with 99.9994% in favour.
• Resolution 2 passed with 99.9278% in favour.
• Resolution 3 passed with 99.8722% in favour.
• Resolution 4 passed with 99.8715% in favour.
• Overall: 74.15% of shares polled; ~99% in favour.

Dividend

• No dividend proposed or declared.

Director Changes

• Kaiwan Dossabhoy Kalyaniwalla re-appointed as Director.
• Pranav Choudhary appointed as Director.

Auditors

• No change in statutory, secretarial, or cost auditors.

Related Party Transactions

• No material related-party transactions approved.

Other Material Approvals

• Remuneration for MD approved as a Special Resolution.

Key Operational Highlights

• Total volumes in August 2026 were 65.6 '000 TEUs, up 6% YoY and 5% MoM.

Business Developments

• ICD is a joint venture with CONCOR.

Meeting Details

• Date and time: Sep 16, 2026, 03:00–04:00 PM.
• Type and mode: Group meeting, virtual.
• Event: Group meeting with Counter Cyclical PMS, Scientific Investing, Ninebark AIF.

Participants

• Company officials (management) expected; no personal names provided.

Purpose

• Purpose: Investor interaction; discussions based on publicly available information.

Availability

• Q1 FY2026-27 investor presentation is publicly available and will be used in the meeting.

AGM notice and AR access

• 7th AGM scheduled for Sept 22, 2026 at 12:30 IST via VC/OAVM.
• Annual Report FY2025-26 accessible through web link and QR for non-email members.
• Cut-off date for email registrations is Aug 21, 2026.
• KYC updation and dematerialisation reminders issued under SEBI circular; email update optional for online services.
• Annual Report to be hosted on the company website; links include BSE/NSE and NSDL portals.

AGM details

• 7th AGM on 22 September 2026 at 12:30 IST via VC/OAVM.
• E-voting window 17–21 September 2026; cut-off 15 September 2026.
• AGM conducted through VC/OAVM; no physical attendance.

Resolutions

• Ordinary: adopt standalone and consolidated financial statements for the year ended March 31, 2026.
• Ordinary: appoint Kaiwan Dossabhoy Kalyaniwalla as Director, retiring by rotation.
• Ordinary: appoint Pranav Choudhary as Director (Additional), liable to retire by rotation.
• Special: appoint Pranav Choudhary as Managing Director for three years.
• MD remuneration includes base salary up to Rs 31.25 lakh/month.
• Joining bonus Rs 75 lakh, payable in two installments.
• Variable pay up to Rs 1 crore annually based on performance.
• ESOP/ESAR grant valued at Rs 2.5 crore, vesting in four equal installments.

Financial snapshot

• Consolidated revenue from operations ₹820.80 crore for FY2025-26.
• Consolidated EBITDA ₹161.55 crore, up 25.7% YoY.
• Consolidated PAT ₹44.21 crore, up 46.2% YoY.
• Total income ₹832.80 crore; other income ₹12.00 crore.
• Standalone revenue ₹564.20 crore; standalone PAT ₹39.70 crore.

Throughput & capacity

• JNPT expansion added 170,000 TEUs incremental capacity.
• Site TEU capacities: JNPT 180k, Mundra 140k, Chennai 100k, Kolkata 75k, Dadri 65k.
• Total ATL footprint throughput capacity near 1.0 million TEUs.
• Mundra and Chennai expansions target coastal growth; rail-linked Farukhnagar ICD planned.

Capital allocation & funding

• Rights issue proceeds ₹79.59 crore; ₹19.89 crore received on application.
• Promoter warrants issued ₹38.28 crore; ₹9.57 crore received on application; balance unutilized.
• Acquired 15% stake in Speedy Multimodes; Speedy becomes wholly owned subsidiary.
• ATL CEO ESOP Plan 2025 grants 44.66 lakh options; vesting schedule updated.

Strategic expansion & subsidiaries

• ATL FTWZ Private Limited incorporated Sept 18, 2025; wholly owned subsidiary.
• Speedy Multimodes Limited remains material subsidiary; Speedy acquisition completed via share swap.
• Allcargo Group Services Private Limited became associate (promoter group) effective July 1, 2026.

ESG & sustainability

• Renewable energy accounts for ~12% of total consumption; ~739 tCO2e avoided.
• 25% of 3-ton forklifts are electric; rooftop solar at Chennai CFS; Open Access renewables used.
• ISO 9001, 14001, 45001, and C-TPAT certified; ISO 27001 at head office.

Governance & board changes

• Shashi Kalyaniwalla appointed Additional Director May 21, 2026; postal ballot approved June 26, 2026.
• Vaishnavkiran Shetty ceased as director June 8, 2026; Shashi Kalyaniwalla appointed as director.
• Suresh K. Ramiah stepped down as MD August 31, 2026.

Dividends & capital structure

• Board did not declare a dividend for FY2025-26.
• Equity share capital at year-end ₹58.37 crore; rights issue increased issued capital to 29.18 crore shares.

Audit, risk & controls

• Statutory auditors: S.R. Batliboi & Associates; Secretarial: Pramod S. Shah & Associates.
• Key audit matters include revenue recognition and recoverability of MAT credits.

Market position & outlook

• ATL handles ~80% of India’s container traffic at its gateway ports.
• India’s EXIM growth and multimodal investments underpin long-term demand for CFS-ICD capacity.
• Aspiration 2030 roadmap targets sustained capacity, digitalization and network expansion.

Operational & safety highlights

• Net Promoter Score (NPS) 56.88 across Allcargo and Speedy.
• Safety initiatives with ISO certifications and ongoing safety training; zero POSH cases reported.